Shares in clothing company SuperGroup (SGP) shot up 7 per cent after the group revealed a strong end to the financial year and a second consecutive quarter of double-digit like-for-like retail sales. But bosses stopped short of upgrading full-year profit guidance, as currency headwinds and higher costs led to more subdued margins.
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This year SuperGroup has opened 24 new stores and 29 new franchises. Together, sales from new retail space contributed 11.9 per cent to the group's growth over the full financial year. Online sales are booming, too, up 39.5 per cent this year.
